Pakistan's foreign exchange reserves rise by $33 million
SBP's foreign exchange reserves saw a $112 million rise last week
Money
SBP likely to cut interest rate
Economists anticipate possible 1.5% cut in the interest rate
Saudi Riyal to PKR latest exchange rate today
Steady trend reflects current financial landscape, providing sense of assurance to those closely following currency dynamic
Pakistan seeks $1.75bn loan from banks to meet IMF conditions
Pakistan formally requests Standard Chartered to restructure commercial loans, ranging from $800m to $1bn
Coke, Pepsi boycott over Gaza lifts Muslim countries' local sodas
Many consumers shunning Coca-Cola, PepsiCo cite US support of Israel over decades, including in ongoing Hamas war
Indian car dealers worry about offering big discounts as sales slow
Slump in car purchases by retail buyers contrasts upturn in overall consumer spending
Utility Stores reduce prices of over 800 items up to Rs200
BISP subsidy on Utility Stores currently suspended, will be restored soon under new procedure
Gold price in Pakistan sees massive increase
Silver price in local market remains stable at Rs2,900 per tola
Rural women strive for empowerment through economic initiatives
In many regions, women come together to form community organizations, provide vocational training, microfinance, literacy
Govt considers reducing taxes on imported LNG to lower electricity costs
At present, local gas is priced at Rs1,200 per unit
US job openings hit 3.5-year low as labour market eases
Job openings fell by 237,000 to 7.673 million on the last day of July, lowest level since January 2021
US dollar halts Pakistani rupee upward trajectory
Govt fails to get $7bn loan approval deadline from IMF
Final date for approval of IMF loan can't be given yet: Aurangzeb
Minister highlights ongoing negotiations with Saudi Arabia for oil loan facility on deferred payments
Ogra announces delay of September oil imports
OGRA spokesperson Imran Ghaznavi confirm development in statement
Saudi Riyal to PKR latest exchange rate today
Steady trend reflects current financial landscape, providing sense of assurance to those closely following currency dynamic
Sindh to buy 138 luxury vehicles for assistant commissioners
Finance secretary has written letter to relevant authorities to initiate procurement process
Oil supply chain at risk over abundant diesel storage
Refineries urge government to halt or postpone further diesel imports during September
Gold prices in Pakistan fall for second consecutive day
Silver price in local market also drops to Rs2,900 per tola
Govt fails to get $7bn loan approval deadline from IMF
IMF mission expresses need for FBR to meet its revenue targets for this month
Contributory Pension Fund Scheme introduced for new employees
For civilians drawing salaries from defense budget, scheme to come into effect on July 1, 2025
10 African currency notes or coins feature Chinese projects
African currency notes feature new cities, bridges, hydropower stations, dams
Prices of chicken and vegetables reduced in Lahore
Lahore DC says administrative officers are taking strict action on violation of prices
Pakistan considers establishing pharma economic zone with Chinese support
Govt aims to boost medical tourism and foreign investment in pharmaceutical industry
Dubai Police opens 2024 applications: Requirements and how to apply
Application window is open until September 27
Finance minister says IMF has no objections to targeted subsidies
Aurangzeb says FBR to meet tax collection targets through enhanced digitalization, enforcement
FINANCE
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ADB may offer Pakistan $500m for environmental, disaster schemes
Aurangzeb, EXIM Bank president discuss potential partnerships in energy, minerals, IT sectors
FBR proposes new rules for import of vehicles
Amendment allows tourists to keep vehicles in Pakistan duty-free for up to three months on meeting conditions
Millat Tractors reports 167% surge in profit amid strong sales growth
Company's net profit reaches Rs10.64bn as tractor sales volume increases by 62%
Pakistan requests IMF for $2bn more under climate financing
IMF official reiterates importance of maintaining reforms, financial stability, increasing revenues
PSX hits record high as KSE-100 Index surges beyond 86,000 points
Since approval of constitutional amendments, stock market has risen by 1500 points
AUTO
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Pakistan to lay gas pipeline amidst Iranian threats of $18bn arbitration
Faced with potential billion-dollar legal action, Pakistan vows to complete Iran gas pipeline by September 2024
Electricity tariff cuts proposed to boost export sector
Energy Ministry prepares plan to supply electricity to export sector at lower rate of nine cents per unit
Electricity bills set to soar in February, as NEPRA recommends Rs5.62/unit hike
Estimated additional burden to be Rs42bn in February in terms of monthly fuel adjustment
Petroleum Conference 2024 fuels collaborative solutions, investment opportunities
Industry leaders, experts, govt stakeholders convene in Islamabad for in-depth discussions
ECP tells WAPDA to avoid loadshedding on election day
Orders issued over fears that polling process is likely to be affected due to ongoing electricity loadshedding
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